Hank Greenberg as Publisher of the Wall Street Journal?

On November 12 sources close to Maurice Greenberg, the former chairman of American International Group Inc., said that he is talking with investment bankers and...

November 14, 2006

On November 12 sources close to Maurice Greenberg, the former chairman of American International Group Inc., said that he is talking with investment bankers and lawyers about a deal to acquire the Tribune Company. Greenberg is also reported to be considering the purchase of other newspapers and news organizations, including The Boston Globe and Dow Jones, the publisher of the Wall Street Journal. Greenberg and some celebrities are showing interest in acquisitions of companies that are struggling with competition from the Internet. Earlier this month two Los Angeles financiers, Eli Broad and Ronald Burkle, also made an offer for all of the Tribune Company, which owns eleven newspapers, twenty-four television stations and a baseball team, the Chicago Cubs. David Geffen, the co-owner of the movie studio DreamWorks, is considering the purchase of the Los Angeles Times, and James Welch Jr., the former chief executive of General Electric, has been working on a deal to buy The Boston Globe, a unit of the New York Times Company.